Forex Flash: UK PPI and CPI wont be market movers – Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the UK releases PPI and CPI data, which won’t have a huge FX impact.

He writes, “I still think short GBP/USD is a better trade than short EUR/USD at the moment, but there are no obvious drivers today. Nor was there any significant data in Australia where business confidence recovered marginally, but AUD/USD continues to slip lower. This afternoon in the US, we see only small business confidence, with tomorrow’s retail sales are bigger market factor.”